61% of organizations not prepared to address critical risks
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Philipp Katzenberger via Unsplash
The Global Risk Survey from AlixPartners found that 61% or more organizations are not sufficiently prepared to address critical risks. That trend extends from data privacy (61%) and AI threats (68%) to geopolitical impacts (71%), supply chain disruptions (70%) and more.
Over 60% believe financial crime will increase in the next 12 months. Sixty-three percent are investing in technology to combat it — yet 44% say their technology is very effective at detecting and analyzing risk factors. The majority of organizations are insufficiently prepared to adapt to international (71%), national (64%), and local (58%) regulatory changes. And with the sanctions landscape in flux, only about a third feel sufficiently prepared to respond to potential changes.
When it comes to AI, almost all (93%) are implementing AI into their business operations — but only about half have an AI leader or AI policies and guidance in place.
Nearly 70% believe corporate litigation will increase in 2025. Among those who expect litigation to grow by more than 10%, about 6 in 10 plan to raise their outside counsel budget and/or increase engagement with those providers.
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